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  Xbox chips augment Nvidia results
Time: 04:43 EST/09:43 GMT | News Source: ZDNet UK | Posted By: Alex Harris

The graphics-chip maker reported a sharp hike in profits thanks to supplying chips for Microsoft's games machine Nvidia, the leading maker of graphics chips for PCs and other devices, reported modest sales gains and a sharp jump in quarterly profits Thursday, which it attributed to its deal to supply chips for Microsoft's Xbox game machine.

The company reported net income of $24.2m (£14.96m), or 14 cents a share, for its second quarter, which ended 27 July. That compares with income of $5.3m, or 3 cents a share, in the same period a year ago and the consensus estimate of 11 cents a share from analysts polled by research firm First Call. Revenue for the quarter was $459.8m, compared with $427.3m a year ago.

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